Wednesday, November 25, 2009

Budget 11/25 - 12/08

Three more paychecks until the holiday that shall not be named. I'm not so worried though. No one in our families expects us to give expensive gifts this year as we are saving for the wedding. smart fiance has amassed himself a Christmas fund by saving a little every month all year long like I told myself I would do almost a year ago.

The next money failure I'm about to report is actually a happy accident.

Since I paid off my laptop I decided I wanted to start snowballing the $43 payments I was making towards my highest interest student loan. So today I logged into my account to do just that, except when I computed the total I confused the amount I usually pay ($54; the minimum is $40) with the amount I usually pay to my Perkins loan ($93), since they are serviced by the same lender. As I result, I ended up sending $136 to the loan ($93 + $43). Yes I didn't do it deliberately but I'm still glad I did. This is also my smallest loan (~$1400) and I really hope I can knock it all out soon.

So here's my budget for the next two weeks, in which we actually purchase and use groceries, and I just may buy a present or two.

Starting Balance = $1280
Credit Card - 200
Wedding Savings - 500*
Groceries - 75
Christmas - 150
Law School Loan - 136
Perkins Loan - 93
Misc. - 126

*I already made this transfer so I will not fall short of my wedding savings goal once again!

1 comment:

Jill said...

I find it easier to make transfers to savings first. Good job on meeting your goal!